By Shubham Batra
(Reuters) – The UK’s main stock indexes fell on Tuesday amid a broad selloff led by losses in miners after China failed to specify fiscal measures to stimulate the ailing economy, while homebuilder Vistry dropped after it cut its annual profit outlook.
The blue-chip index was down 1% by 0718 GMT, while the midcap index fell 0.8%.
All sectors in the were trading in the red, driven by industrial metal miners that slipped over 4% as prices of base metals fell after initial optimism over top consumer China’s stimulus measures faded. [MET/L]
Chinese officials disappointed markets by providing few details on plans to bolster China’s slowing economy.
Other sectors such as banks and energy also saw heavy selling pressure, with the latter down 0.7%, tracking lower oil prices.
Shares of Vistry slipped 33% after cutting its fiscal 2024 profit outlook by 80 million pounds ($104.7 million), hurt by increased build costs…
